DiRAD Technologies Acquired in Management Buyout

The management team of John Michne, Maria Massa and Rami Hachem has purchased the innovative communications solution provider for an undisclosed amount.

The purchase has opened opportunities to grow the company like never before.

Clifton Park, NY (PRWEB) May 27, 2014

DiRAD Technologies, Inc., a 30 year-old company headquartered in Clifton Park, NY, has been acquired by the company’s long-time management team. The acquisition closed in March of this year and is backed by an SBA loan underwritten by M&T Bank of Albany, New York. With the purchase, the team now owns 100% of the company, with no outstanding obligations to the prior owners, who were not named.

The three partners will continue leadership duties at the company. Former General Manager John Michne will assume the role of President/CEO, and company Vice President Maria Massa has been named Chief Operating Officer. Vice President of Technology Services Rami Hachem has been named Chief Technology Officer.

“The purchase has opened opportunities to grow the company like never before,” said Michne. “Already, the dollar amount of our in-house orders has exceeded our historical revenue stream.”